Bears See More RIM Weakness Into the Weekend - Wall Street Journal (blog)

By Kaitlyn Kiernan Getty Images BlackBerry CEO Thorsten Heins and singer Alicia Keys officially unveil the BlackBerry 10 mobile platform on January 30, 2013 in New York City. Short-term bearish options dominated trading activity on Research in Motion Ltd. (which is changing its corporate name to BlackBerry) after the company introduced its long-awaited BlackBerry 10 smartphone. Trading in weekly RIM options that expire Friday accounted for about a third of all Research in Motion options trading volume Wednesday, as investors focused on "puts" that pay off should shares of the BlackBerry maker continue to slide over the next two days. Put options grant the right to sell shares at a set price, and rise in value as the shares go lower but lose value if they go higher. "The news is out, but now we are going to get a lot of comments from analysts over the next 48 hours," said William Lefkowitz, options strategist at vFinance Investments. "RIM is a company that can move a lot in a very short amount of time so these weekly options are active." via Technology - Google News http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNHW9W3W86MgJOu0_0NQhxcHGjgXhg&url=http://blogs.wsj.com/marketbeat/2013/01/30/bears-see-more-blackberry-weakness-into-the-weekend/

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